Commercial construction loans: what are they and how do they work?
When it comes to commercial construction loans, there are a few things you need to know. In this article, we’ll take a look at what commercial construction loans are and how they can benefit your business. What are commercial construction loans? Commercial construction loans are a type of short-term finance used to fund the construction […]
Best Unsecured Business Loan Lenders
As a business owner, securing funding is a critical step for any organisation looking to grow, manage cash flow, and invest in new opportunities or business assets. For many companies, particularly small and medium-sized enterprises (SMEs), unsecured business loans offer a flexible and accessible financing solution without the need for collateral. With a variety of […]
What are the interest rates on the Recovery Loan Scheme?
What is the Recovery Loan Scheme? The UK government launched the Recovery Loan Scheme on April 6, 2021. Generally, RLS was provided to businesses of all sizes through various lenders that are accredited by the British Business Bank, including Funding Circle. The UK guarantees 80% of the finance to lenders; however, business owners are 100% […]
What are the benefits of a drawdown facility?
Simply speaking, a drawdown facility is a type of business loan. However, instead of receiving the loan amount as a single lump sum at the start of the agreement, it allows you to borrow differing amounts at different times throughout the term of the agreement. This means that it’s effectively a form of ‘revolving credit’ […]
6 Ways To Get Your Business On Track In 2024
The success of a business depends on the focus of a businessman on business, growing the base of customers, and making new small businesses from the previous one. To get your business on track, there are some tips that the team at Funding Bay want to share with you that will help you.
